#USCorePCEMay
๐๐The US Core PCE price index for May isn't available in my search results, but here's what I found about the Core PCE price indexยน:
- *Definition*: The Core PCE price index measures the prices paid by consumers for goods and services, excluding food and energy prices, to reveal underlying inflation trends.
- *Importance*: It's a key indicator of inflation, helping policymakers understand the economy's performance and make informed decisions.
However, I do have information on recent Core PCE price index readings๐$
- *June Core PCE*: The annual core PCE price index in the United States for June is 2.6%, slightly higher than the expected 2.5%.
- *August Core PCE*: The core PCE price index for August increased by 0.1% month-over-month, below the expected 0.2%, and 2.7% year-over-year.
Would you like to know more about the Core PCE price index or its impact on the economy?